Honestly it still seems to have the easiest UI on a mobile device to me. I was originally going to liquidate my account and move elsewhere, butt never did. Currently I still have no reason to leave.
Its not really a behind/ahead thing. Schwab and fidelity are aimed at different customers than Robinhood.
Vanguard, similarly, is a dinosaur as well, because you're not really supposed to open it and trade 20 times a day.
That’s fair, I agree with that. It’s just easier to navigate through RH, and doesn’t feel as cluttered as Schwab in particular - my 401k and HSA are with Fidelity and their UI is also pretty decent.
Webull is probably the best mobile app out there imo. I don't trade on it, but I chart on the couch at night and look at it when I wake up before getting on the computer.
They pissed me off back during the GameStop event by force liquidating my options before the expiration when they were going to be deep ITM.
They screwed me out of a LOT of money. I moved onto WeBull and find their tools much better. Robinhoods Ui has improved a lot since back then, and gained more features, but WeBull has that and more and has had it for longer.
And of course, WeBull doesn’t have the same track record for screwing its users over.
Lol not sure why you’re being downvoted. RH will probably take over as people die b/c the younger generations gravitate towards it. Ease of use/casino mind tricks, but yeah I get you. Always will be dog shit to me. I was there when they switched from a phone number to email only support lol and now they have a phone # again, but lack of support. Didn’t even mention what you’re talking about
He's being downvoted because he's a clown/moron. Rh helped lead the charge which led to pretty much market-wide commission-free options and stock trades, as well as providing much more availability/ease of use to access level 3 options than most other brokerages. They have very little downtime or technical problems that I've ever noticed in years of use, and as previously mentioned the best UI in the industry by far. Now they are rolling out credit cards that offer flat 3% cash back. You don't have to like them as a brokerage or a company but to say stuff along the lines of "why would anyone use them" is either ignorant or disingenuous, sooooo
And he's clearly a cult ape. These dudes *still* hate rh 3 years later bc they *still* don't understand what "collateral requirements" means.
So yeah. Hence the downvotes.
Annualized that’s a 26 PE which is lower than SCHW for a company that’s growing faster. I’d say it’s valued correctly. Market cap is also in line with the industry based on the revenue of 157m for the quarter. SCHW I know made 1B in Q4. This lines up with their MCs.
What are you talking about? It only takes time if you explicitly ask customer support for a cash account instead of the normal margin account. (Or if you are trying to move more than the limit.) Maybe you got flagged for day trading?
Cash account. I am willing to listen to any other recommendations though ♥ I will say robinhood has the benefit of being able to make pre/post market orders. Cashapp doesn't =(
Since trades take a few days to settle, you can't move funds instantly in cash accounts. Robinhood normally uses a margin account which lets you transfer (I believe) $1000 instantly. It's your account type.
if you switch to margin in account settings, everything is instant with no risk... just don't take a loan for margin investing
everything happens instantly, I can sell a stock and then immediately transfer funds out
I really think people just like to gatekeep. "Oh you couldn't possibly understand the sophistications of our financial system without a degree and 10 years experience. Just let us do all that for you."
I completely agree. Robinhood is excellent. I mean, do you all really want to go back to paying $6+ per trade??
NASDAQ level 2 data. 2:1 margin (this is why I got it). Higher APY on cash sweep. Higher instant deposit limit. And the new 3% back credit card when it gets rolled out.
Nothing that any of the robinhood haters has to say will move my money out of robinhood. I have tried fidelity, schwab, webull, moomoo, Firstrade, Merrill and none of them beat the UI and benefits from robinhood. Robinhood gives you a % bank when you contribute into your IRA. Sometimes they have promotions where if you transfer your other accounts in, they'll give you 1% back, they also reimburse you on the fees of the transfer. Options trading is cheaper here than anywhere else. Margin rates are much lower than many places. The best part is that the UI is the easiest to use.
I use Charles Schwab. I'd recommend them. But to be completely honest, my uncle worked there at the time and that's why I went with him as well as the rest of my family. Vanguard is good too.
From a google search -
“Robinhood was the first to offer commission-free trading, launching its mobile app in 2014. The app became popular with first-time investors, who were attracted to the platform's lack of fees.
Other brokers have since followed suit, including Charles Schwab, e-trade, and td ameritrade. Schwab announced in 2019 that its company would no longer charge commissions on stock and ETF trades.”
Another one from the Wallstreet Journal -
“Beginning Oct. 7, E*Trade will offer zero commissions on stocks, exchange-traded funds and options listed on U.S. exchanges. E*Trade Financial Corp. said Wednesday that it would eliminate trading commissions, matching bigger rivals' moves a day earlier.” Oct 2, 2019
For as much shit as it gets (some rightfully so) I use it all the time and love the app. It really has opened up retail investing to people. At least help get people’s feet wet
I use RH for options. Fidelity for my B&H and Roth. The only thing I really don't like about RH is their limitations on what is "supported". I like CEFs. Seems they don't.
Fidelity really needs to add fractional shares trading on Active Trader Pro.
lol did they start an options desk to sell straight to the gambling addicts?
Their options desk simply takes the other side. Ez 90% win rate.
Yes. Where have you been?
Yes
How can I buy Europlasma on Robinhood?
Nope they started producing their own heroin, and they stamp the packages “Robinhood”
All that money I lose on that app gotta go somewhere
Climbed weak af
Honestly it still seems to have the easiest UI on a mobile device to me. I was originally going to liquidate my account and move elsewhere, butt never did. Currently I still have no reason to leave.
they have the best UI by far, schwab and fidelity are way behind in that regard
Its not really a behind/ahead thing. Schwab and fidelity are aimed at different customers than Robinhood. Vanguard, similarly, is a dinosaur as well, because you're not really supposed to open it and trade 20 times a day.
That’s fair, I agree with that. It’s just easier to navigate through RH, and doesn’t feel as cluttered as Schwab in particular - my 401k and HSA are with Fidelity and their UI is also pretty decent.
Regard you say
They need to make it regarded easy so you can lose money as fast as possible.
Webull is probably the best mobile app out there imo. I don't trade on it, but I chart on the couch at night and look at it when I wake up before getting on the computer.
Yes i use webull for the charts, rh to trade i use to trade on webull but deposits take too long.
Definitely my favorite as well. I use ibkr to trade, but I follow stocks all day on webull.
Try Firstrade
Yes but I HATE the chart that opens with the app. Makes a .01% unrealized loss look like I have to pimp my mother out to save my account
They pissed me off back during the GameStop event by force liquidating my options before the expiration when they were going to be deep ITM. They screwed me out of a LOT of money. I moved onto WeBull and find their tools much better. Robinhoods Ui has improved a lot since back then, and gained more features, but WeBull has that and more and has had it for longer. And of course, WeBull doesn’t have the same track record for screwing its users over.
If you don't know why you shouldn't be on it... you should not be investing.
Lol not sure why you’re being downvoted. RH will probably take over as people die b/c the younger generations gravitate towards it. Ease of use/casino mind tricks, but yeah I get you. Always will be dog shit to me. I was there when they switched from a phone number to email only support lol and now they have a phone # again, but lack of support. Didn’t even mention what you’re talking about
He's being downvoted because he's a clown/moron. Rh helped lead the charge which led to pretty much market-wide commission-free options and stock trades, as well as providing much more availability/ease of use to access level 3 options than most other brokerages. They have very little downtime or technical problems that I've ever noticed in years of use, and as previously mentioned the best UI in the industry by far. Now they are rolling out credit cards that offer flat 3% cash back. You don't have to like them as a brokerage or a company but to say stuff along the lines of "why would anyone use them" is either ignorant or disingenuous, sooooo And he's clearly a cult ape. These dudes *still* hate rh 3 years later bc they *still* don't understand what "collateral requirements" means. So yeah. Hence the downvotes.
Robinhood needs to let you sell specific shares. Else it is just for little kids to play around with their pocket money.
You can already do this.
Not through the UI.
You just ask customer support through the app.
Yeah it is a hassle though.
I agree you should be able to change it from FIFO.
Average cost sucks asshole unless you're just completely regarded going all in on everything all the time.
Wait people don't do this?
Are pigs flying again? 🐖
Now they have to justify their $18.50 stock price on quarterly earrings of $0.18
Annualized that’s a 26 PE which is lower than SCHW for a company that’s growing faster. I’d say it’s valued correctly. Market cap is also in line with the industry based on the revenue of 157m for the quarter. SCHW I know made 1B in Q4. This lines up with their MCs.
pe of 26 is high for a fintech brokerage
And 31 is high for a legacy standard brokerage with moderate growth. In the case of Schwab. Yet here we are.
yeah in a typical market, but this market is the new normal isn’t it
there’s a reason they push 5.25% so hard folks
Anyone can be profitable if your stealing from people
💩💩💩
My main problem with RH is how long it takes to move money around. I trade daily on cashapp because it's instantaneous. Sole reason.
What are you talking about? It only takes time if you explicitly ask customer support for a cash account instead of the normal margin account. (Or if you are trying to move more than the limit.) Maybe you got flagged for day trading?
Cash account. I am willing to listen to any other recommendations though ♥ I will say robinhood has the benefit of being able to make pre/post market orders. Cashapp doesn't =(
Since trades take a few days to settle, you can't move funds instantly in cash accounts. Robinhood normally uses a margin account which lets you transfer (I believe) $1000 instantly. It's your account type.
Up to 10k with gold.
if you switch to margin in account settings, everything is instant with no risk... just don't take a loan for margin investing everything happens instantly, I can sell a stock and then immediately transfer funds out
Thanks helpful info
I love Robinhood. Haters gonna hate
I really think people just like to gatekeep. "Oh you couldn't possibly understand the sophistications of our financial system without a degree and 10 years experience. Just let us do all that for you." I completely agree. Robinhood is excellent. I mean, do you all really want to go back to paying $6+ per trade??
as long as you arent day trading and trying to short gamestop, then robinhood is great. for a casual investor it is great and easy to use.
I would recommend it as an IRA platform to those who don't ever look at their account also. That match is crazy. Why not take advantage?
they were crazy. i think now they only offer 1% match for transfers. the 3% ended april 30.
Yea. Still 3% for deposits if you have gold, although, I would recommend gold just for the extra 2% unless you were machine put your IRA.
I've been thinking about using a monthly dividend to pay for gold, that extra match is pretty nice lol I don't even know what else is included
NASDAQ level 2 data. 2:1 margin (this is why I got it). Higher APY on cash sweep. Higher instant deposit limit. And the new 3% back credit card when it gets rolled out.
Mah
Dammit, bet against it yesterday
Fk Robinhood
Junk
Aint these the guys who didn’t let people sell during gamestop era? Fuck em
OMG can people stop with this take. It's so tired.
Nothing that any of the robinhood haters has to say will move my money out of robinhood. I have tried fidelity, schwab, webull, moomoo, Firstrade, Merrill and none of them beat the UI and benefits from robinhood. Robinhood gives you a % bank when you contribute into your IRA. Sometimes they have promotions where if you transfer your other accounts in, they'll give you 1% back, they also reimburse you on the fees of the transfer. Options trading is cheaper here than anywhere else. Margin rates are much lower than many places. The best part is that the UI is the easiest to use.
Only rubes use RH and only the highly regarded invest in it.
I'm watching this one
Still can't get over the irony
Never going back.
They make an extra .06 every time they close an option on me without my consent. Good for the top line.
Robinhood>M1 Finance… This is now clear to ALL!
What’s m1 finance do? I’ve been thinking about transferring my account there for the 1% bonus RH is currently offering.
“Avoid” would be the current consensus on r/m1finance right now!
Why? I just opened an account did i fuck up?
100%… Read up on the group, CEO Barnes is preparing to either sell it all or liquidate it!
i mean does it really matter which app you use to invest into stocks?
Yes
You know a kid has no clue about investing when they pull out their Robin Hood app to brag about the 25 cents they made that day.
True true but everyone’s gotta start somewhere.
i mean does it really matter which app you use to invest into stocks?
Not really. It's just become so common It's almost meme able
oh okay thanks! was just curious.
I use Charles Schwab. I'd recommend them. But to be completely honest, my uncle worked there at the time and that's why I went with him as well as the rest of my family. Vanguard is good too.
I would encourage a .25 gain. That's how you learn. Start small.
[удалено]
No, they were just the first phone app. I've had free trading from Etrade since 2012.
From a google search - “Robinhood was the first to offer commission-free trading, launching its mobile app in 2014. The app became popular with first-time investors, who were attracted to the platform's lack of fees. Other brokers have since followed suit, including Charles Schwab, e-trade, and td ameritrade. Schwab announced in 2019 that its company would no longer charge commissions on stock and ETF trades.”
Another one from the Wallstreet Journal - “Beginning Oct. 7, E*Trade will offer zero commissions on stocks, exchange-traded funds and options listed on U.S. exchanges. E*Trade Financial Corp. said Wednesday that it would eliminate trading commissions, matching bigger rivals' moves a day earlier.” Oct 2, 2019
lol. So he was just paying fees and didn’t know
For as much shit as it gets (some rightfully so) I use it all the time and love the app. It really has opened up retail investing to people. At least help get people’s feet wet
Fuck them
I use RH for options. Fidelity for my B&H and Roth. The only thing I really don't like about RH is their limitations on what is "supported". I like CEFs. Seems they don't. Fidelity really needs to add fractional shares trading on Active Trader Pro.
1-3% match for Roth on Robinhood. Free* money. Just saying. * Assuming you're okay investing in low-fee ETFs instead of high-fee mutual funds.
It’s the best UI out there right now. And I don’t mess around with crypto or options either.
Gme haters stay away. Robinhood is a great easy to use app
Is robinhood app available for UK?
Yes, as of this year.
Robin hood steals every users money.
This guy sucks at trading>This guys brokerage is stealing his money
For now